UPS Financial News
19.02 / 19:29
markets
UPS
FIVE
JPMorgan
economy
country
inclusion
Sovereign credit ratings: Give local rating agencies a chance
India will likely retain its position as the fastest-growing large economy for the third successive year in 2024-25. Besides price stability, which has been achieved even under difficult global conditions, the post-covid fiscal rollback has been smooth because there were few cash giveaways. The upward adjustment of the monetary policy rate was done smoothly; it did not upset India’s growth momentum, unlike in the West, where higher policy rates are going against growth.
19.02 / 19:29
UPS
Action
economy
Immunic
inclusion
prevention
NOT
CBDT drops small tax demands but not TCS, TDS claims
₹25,000 for assessment year up to 2010-11 and demands up to ₹10,000 from the next year up to assessment year 2015-16 will be extinguished. However, any criminal action initiated or planned under any law will not be dropped. Any tax demand raised against taxes collected or deducted at source (TCS or TDS) will not be eligible for this relief, CBDT said.
19.02 / 19:29
UPS
Provident
Manufacturing
Airlines
Bill
cover
Courts
'No more extensions, SpiceJet must pay Credit Suisse'
₹10,000 crore, and an expected compensation from engine manufacturer Pratt & Whitney for faulty engines. The legal dispute with Credit Suisse traces back to November 2011 when SpiceJet, then under the ownership of Kalanithi Maran, entered into a 10-year aircraft servicing agreement with SR Technics, a Swiss company providing maintenance, repair and overhaul services for aircraft.
19.02 / 18:37
19.02 / 18:11
COST
UPS
Digital
security
Strategy
rights
International
Digitization of securities and transparency
dematerialization of securities mandatory for private companies. Dematerialisation is a multi-purpose strategy, which, in the sweep of enhanced transparency, helps regulators keep a watch on benami share transactions, conduit or shell companies, back dated allotment of securities, appropriate payment of stamp duty on share issuance or transfers, clear title to securities in pledges, etc.
19.02 / 18:11
UPS
Booking
Assurant
Research
Experts
reports
travelers
Mint Primer: Why commercial card spending has been paused
₹20,000 crore per month. According to RBI, credit card spending among Indians rose to ₹1.65 trillion in December 2023 from ₹1.61 trillion in November. Macquarie Research says these cards were issued to drive volumes and never contributed much to profitability as margins were low.
19.02 / 18:11
UPS
Remark
Sony
performer
Equality
rights
Updates
OnePlus 12 vs OnePlus 12R comparison: Is the ₹25,000 price gap worth it?
₹39,999 as the OnePlus 11R. The numerous upgrades brought to the OnePlus 12R have raised the question among various tech enthusiasts as to whether it is even worth spending an extra ₹25,000 to buy the OnePlus 12. I will attempt to answer that very question based on 15 days of hands-on experience with both these devices.
19.02 / 17:37
markets
Blockchain
UPS
security
Trade
Artificial Intelligence
Ai Crypto
AI coins
Is It Too Late to Buy AI Coins? The Graph, Fetch.ai and Injective Blast Up and This Other Coin Could be Next
Anticipation in the crypto markets is escalating, especially as we approach the next Bitcoin halving in April and the rising popularity of AI coins.
19.02 / 16:39
UPS
Election
President
Courts
'Abhi adhe ghante me karo...': Smriti Irani pulls up official during Amethi visit
ALSO READ: Rahul Gandhi's ‘Nyay Yatra’ to be paused, Congress leader to appear before civil court in Sultanpur on Tuesday Earlier, Amethi used to be a Congress stronghold until 2019 when Rahul Gandhi lost to Irani by a margin of around 55,000 votes in the Lok Sabha elections. The Congress is still undecided on whether Rahul Gandhi will attempt to regain the Congress stronghold, especially since Sonia Gandhi has also left Rae Bareli for the Rajya Sabha.
19.02 / 16:39
UPS
Provident
BLOCK
Manufacturing
Align
Whirlpool
stake
Whirlpool likely to sell 24% stake in its Indian unit via block deal
₹1230 per share, representing a 7.6 percent discount from Monday's closing price, with plans to finalize the transaction by Wednesday. Also read: JSW Steel eyes stake worth $1 bn in Australia’s Blackwater coal mine The company aims to reduce its debt burden, as indicated in a U.S filing from November. Goldman Sachs is providing advisory services for the deal, as per the term sheet disclosed.
19.02 / 16:39
UPS
Provident
Bill
Whirlpool
performer
stars
Features
Best Whirlpool AC to keep your home cool this summer: Top 10 picks
Best Split ACs for approaching summer: Top 10 options for your home 1. Whirlpool 1.5 Ton 3 Star Flexicool Inverter Split AC The Whirlpool 1.5 Ton 3 Star Flexicool Inverter Split AC offers efficient cooling with its Intellisense inverter compressor and 4-in-1 convertible cooling modes. It has a 100% copper condenser coil for better cooling and low maintenance.
19.02 / 16:11
19.02 / 16:11
19.02 / 15:49
UPS
Man
Photos
War
country
reports
Interviews
Toronto family who unknowingly employed war criminal fears nothing has changed
Almost 30 years ago, Gail Bocknek turned on the evening news and watched dumbfounded as a man who had worked for her family for decades was identified as a Nazi war criminal.
19.02 / 15:09
UPS
wellness
stage
reports
travelers
Profiles
ISRO planning another Mars mission, to send lander with a helicopter to Red Planet: Report
Isro) is reportedly planning another ambitious mission to Mars. As per reports, ISRO is planning to send a lander to the Red Planet. The lander after touching down on the Mars surface will deploy a rover as well as a rotocopter (helicopter), reports claimed. As reported, the Indian space agency is planning to send a drone or rotocopter to Mars. The drone will be like that of Nasa's Ingenuity quadcopter. The Ingenuity logged 72 flights over three years at Mars. It accumulated more than two hours of flight time, travelling 18 kilometers. That's more than 14 times farther than planned, according to NASA. It soared as high as 24 metres and hit speeds of up to 36 kmph.
19.02 / 15:09
UPS
Citi
Provident
Gap
Experts
country
innovations
Tamil Nadu to offer sops for creation of high paying jobs in Global Capability Centres
Tamil Nadu government in its Budget has said it will incentivise the creation of high paying jobs in new GCCs by providing a payroll subsidy. The move is being lauded by industry watchers and experts as one that could potentially bolster Tamil Nadu to narrow the gap with other GCC hubs like Bengaluru and Hyderabad. «I see this to be a brilliant move to bring the spotlight back on Tamil Nadu which has the unique distinction of having deep technology and domain talent across industries such as manufacturing, automotive, financial services and healthcare,» Ramkumar Ramamoorthy, Partner at Catalincs, a growth advisory firm told ET.
19.02 / 15:09
UPS
Provident
wellness
Trade
stage
International
Deepak Fertilisers enters into a 15-year LNG contract with Norway's Equinor
Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) has entered into a long-term supply agreement for Liquefied Natural Gas (LNG) with Equinor, an international energy company headquartered in Norway. Equinor, erstwhile Statoil, will annually supply up to 0.65 million tonnes to DFPCL over a period of 15 years, beginning in 2026. The tie-up provides room for trading some LNG parcels in the growing LNG demands in India as well as accommodating DFPCL’s growing captive needs, the companies said. The LNG will be delivered to the west coast of India. DFPCL is at an advanced stage of tying up the re-gasification terminal with the gas pipeline grid connectivity to its plant's doorstep already in place.
19.02 / 13:50
markets
COST
UPS
Provident
wellness
Trade
Albemarle
The Boom in Battery Metals for EVs Is Turning to Bust
When the world’s most valuable lithium company last year announced plans for a $1.3 billion plant in South Carolina, local officials hailed it as transformative for the Palmetto State. The high-tech project from Charlotte, N.C.-based Albemarle was designed to process different sources of lithium, including from recycled batteries, and serve as a supplier of the critical mineral for South Carolina’s burgeoning electric-vehicle industry. Less than a year later, those plans have been hobbled by a crash in battery metal prices, undercut by a slowdown in electric-vehicle sales growth in the U.S.
19.02 / 13:49
COST
UPS
Research
wellness
pandemic
Diamondback
America’s Oil Power Might Be Near Its Peak
A U.S. shale boom that helped suppress oil-price surges over the past two years is waning. The country’s crude oil output is expected to increase by just 170,000 barrels a day in 2024 from last year, down from a jump of 1 million barrels a day in 2023, according to federal record-keepers.
19.02 / 13:49
UPS
Citi
Election
Justice
Courts
Colleges
PM Modi takes sharp dig at Supreme Court: ‘In today's era, Lord Krishna would be charged with…’
Supreme Court and the judgment would come that something was given to Lord Krishna in corruption and Lord Krishna was doing corruption. It is better that you expressed your feelings and did not give anything," PM Modi said. In a unanimous judgment on Thursday, a constitution bench headed by Chief Justice DY Chandrachud struck down the electoral bond scheme and the State Bank of India (SBI) to publish the transaction details.
19.02 / 13:41
UPS
CEO
Racing
economy
President
Universities
Consumers sentiment rose slightly last month as growth improves, inflation falls
A measure of consumer sentiment ticked higher this month, after soaring in December and January, underscoring that Americans are starting to feel better about the economy after years of gloom
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